March 2022 King County Market Update 📊
Despite rising interest rates, activity has not slowed down as we enter the spring and summer months.
📈 The median listing prices in the Puget Sound region (King, Kitsap, Pierce + Snohomish) have risen nearly $200,000 (38.5%) since March 2020.
📈 The March median sales price in King County was up 13 percent in King County year-over-year.
📉 Inventory was down 18 percent in King County from a year ago.
📈 There were 129 new condos listed and 70 closed sales in Area 701 (Belltown, Downtown, Pioneer Square, and part of South Lake Union).
💬 Please reach out if you have any questions or would like to chat about navigating the market. We’re ready to help and lend our expertise.